Joint depot company founded in Port Klang 
Yang Ming Marine has jointly set up a joint venture depot company named Jambatan Merah Formosa Depot at Port Klang, Malaysia, in cooperation with the Taiwan Foundation International and Malaysian investors. The opening ceremony was held on 1 October 2020. The new company... more
New chairman and CEO for Yang Ming
The Taiwanese shipping company Yang Ming Marine Transport Corporation has elected Cheng Cheng-Mount to succeed Hsieh Chih-Chien as its chairman and CEO with effect from 1 October 2020. Cheng Cheng-Mount was the chief economist at Citibank Taiwan, the president of the Academy... more
Sri Lankan's Spark Air in the starting block
Exactly one month ago, on 8 September 2020, Spark Air applied to the Sri Lankan government for an air operator's certificate (AOC) and an operator's licence (OL) amid plans to launch flights in February 2021. In an interview with national media, Spark Air's head of safety... more
Indian Register celebrates 10 years in IACS
This year, the Indian Register of Shipping (IR Class) marks ten years of full membership of the International Association of Classification Societies (IACS). Having been an associate member since 1991, IR Class became a full member in 2010 and has actively participated and... more
Female logistics leaders are rated higher
According to a survey of over 1,800 supply chain professionals undertaken by the organisational development company Novosensus based in Singapore, women, while only representing 13% of senior leaders in logistics, score higher on six out of seven leadership competencies than... more
Rail transport in Russia becomes cheaper
Russian Railways (RZD) has introduced decreasing coefficients for tariffs on a number of items. The move is designed to attract additional volumes of freight to rail. The discounts regard the transportation of ferrous metals, scrap metal, pipes, chemical products and containers,... more
JV for storage in Indonesia
A letter of intent (LOI) to set up a joint venture company has been inked by Chandra Asri Petrochemical Tbk (Chandra Asri), a major Indonesian petrochemical company, and the tank storage company Royal Vopak (Vopak). The collaboration aims at the construction of a new jetty... more
First of two freighters from Fiji to Singapore
During this month, Fiji Airways will operate two freighter services between Fiji and Singapore. This freighter service will operate today, 7 October 2020, and 21 October, while the return leg will operate tomorrow and 22 October. While Fiji’s national airline does not have... more
Port indices climbing worldwide, says Drewry
British maritime analyst Drewry has drawn some conclusions out of the latest development of its global container port throughput index. In July 2020, the index crossed the level of 130 points for the first time this year, but did not reach the same mark as in 2019. Despite... more
New container trains to run between Siberia and China
KTZ Express, Russian Railways, Transcontainer and Allians Trans Torg launched the first container train from Kemerovo-Sortirovochnoe station in western Siberia to China. The new service allows customers to send cargo from the railway terminal in the close proximity to the... more